American Businessman Dave Portnoy Regrets Selling XRP: ‘I Would’ve Made Millions’

Key Points

1. Dave Portnoy sold most of his XRP holdings at $2.40, missing out on its subsequent surge to $3.60, a 19.61% gain in 24 hours.

2. Portnoy admitted he lacked strong conviction in XRP and bought it out of FOMO, hoping it would become the next Bitcoin.

3. XRP's rally led to $68.16 million in short positions being liquidated in 24 hours, part of a broader crypto market upswing.

4. XRP perpetual futures open interest hit a record $8.8 billion, with wallets holding 1 million or more XRP tokens reaching an all-time high.

5. The crypto market surge followed the US House of Representatives passing three cryptocurrency-related bills, boosting investor confidence.